CORRE Prepares Bid for Kuwait Oil Company

Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) announced that through its partnership company SAR-CORRE MENA LIMITED, it has obtained a Request for Proposal document from the Kuwait Oil Company, and will attend a pre-tender meeting on May 7^th.

As quoted in the press release:

This drill cuttings contract is for a period of five years with one-year renewals at the request of KOC. Due to the high value of this contract, the bid bond alone exceeds US $1.0 million. The tender documents provide that the OBM drill cuttings and sludge treatment services have to be continuously available 24 hours a day, seven days a week. The tender documents specify that the required OBM drill cuttings and sludge treatment capacity is 26,000 cubic meters per year.

Click here to read the full Canadian Oil Recovery and Remediation Enterprises Ltd (TSXV:CVR) press release.